Ulusoy Electric, Katener Rail Systems Activities on the Asset Assumed



ulusoy electric catenary rail systems handed over the goods
Ulusoy Electric, Katener Rail Systems Activities on the Asset Assumed

Ulusoy Electricity, Ulusoy Rail Systems, 2,97 million TL cost of catenary rail system assets related to the transfer of assets.

The Company has provided the following information about the subject:

Ulus The sale of a number of assets including the contracts, intellectual property, fixed assets and inventory determined by related parties regarding the activities of the catenary rail system of our company by the participation of all the independent members of the Board of Directors and the unanimous decision of 18.03.2019 date and 7 numbered meeting. In order to determine the transfer price to Raylı Sistemler A.Ş.

In accordance with the Capital Markets legislation, a valuation study was carried out for TSKB Real Estate Appraisal Company related to machinery and equipment. In the appraisal study, Market Approach and Cost Approach methods are used and as a result of the study, total of fixed assets (machinery and equipment) related to the activities of the catenary rail systems.
is determined as 1.300.000 TL (VAT excluded). The summary of the mentioned valuation report is attached to the appendix. The book value of the inventory belonging to the catenary rail activities is recorded as 31.03.2019 TL based on the records of our company dated 1.506.798.

According to this information, 1.300.000 TL (VAT excluded) and inventory in the machinery and equipment valuation report of catenary rail activities are added to the system and 1.674.220 TL is added to the inventory. The transfer of assets was realized on 2.974.220. The total sales price will be paid in cash and in advance on 12.04.2019. Toplam

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